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Search Results 0 to 6 of about 7 (some duplicates have been removed)
Mar 15, 2013 7:00pm PDT
, the japanese economy would benefit. the prime minister said now is the last chance to join the talks. he pointed out that the negotiations started two years ago, and he said it's clear any rules participants have already agreed upon would be difficult to reverse. abe stressed that japan is, for now, just joining the talks. he promised to work out an agreement that suits the nation's interests and use japan's negotiating power to secure protection for certain sectors such as agriculture. abe said many countries are opening up their markets, including the u.s., nations in europe and emerging economies in asia. he said if japan misses the opportunity to join the tpp, it will inevitably be left behind. people in japan and abroad have been reacting to abe's decision to join the negotiations. warren maruyama is the former general counsel at the office of the u.s. trade representative. he sees plenty of benefits down the road. >> i think the united states has long wanted japan to join tpp. there are benefits for us from a strategic point of view from the standpoint of u.s./japan alliance. and i
Mar 14, 2013 7:00pm PDT
decides to take part, what would be the impact on i wants economy. there are advantages and disadvantages. here are some of the major issues. u.s. tariffs are 5% for testi televisions and 2.5% for cars. it could enable japanese makers to sell them cheaper. more exports will help create more jobs in japan. the government estimates the real gross domestic product will grow about $33 billion. that's an extra growth of 0.06%. japan imposes import if tariffs are abolished the total production would be cut by $31 billion. that's a 40% drop from the current output. now let's get a check on the markets. the dow jones is higher for a tenth day. it rose about 0.06% to 14,539 posting another record high. investors continue to see a rosier picture for the world's largest economy. to see how stocks are performing this friday we're going to switch over to ramin. the positive momentum just continues in the u.s. and the nikkei also saw gains yesterday. is that continuing this friday? >> it doesn't seem. we should see further gains. i'll come to the opening levels right now for friday march 15th. let's ha
Mar 19, 2013 7:00pm PDT
as possible, and spur economic growth. the band bought bounds to pump liquidity into the economy. but he expressed that he had taken extreme care to make sure they did not end you have shouldering the country's debt. also, he said they could not change fast enough to keep up with the ageing population. chief researcher spoke about his time in his he criticized the boj governor for not working hard enough to get the country out of deflation. >> translator: end deflation. he failed to clearly outlike the boj's responsibilities and to appeal to the public that they would take aggressive steps. >> but he gave him ret for stabilizing the system. >>> transportation officials sri lanka have opened a new international airport with a lot of help from china. they have high hopes it will give the economy a boost. cholaphansa narula in bangkok is following the story. president mahinda rajapaksa attended the ceremony. he sees it as a way for sri lanka to revitalize itself. nhk world reports. >> reporter: the airport was built in the southern district. the first flight arrived on monday. coming out of
Mar 12, 2013 7:00pm PDT
and budget issues of weaker eurozone economies linger in the background there. a lot of focus how the yen is trading. a little bit of mixed or lackluster trading as we saw in the u.s. markets with dow in positive and nasdaq in the negative. here, we're seeing topics slightly in the positive and nikkei slightly in the negative. >> i know you will keep us on track of gains and loss. thanks so much, as always, from the tokyo stock exchange. >>> japanese workers have something to look forward to this year. likely to lift bonuses as the stock market raises. and a request for higher wages to help bring deflation to an end. executives at autos and electronics makers are bowing to labor union demands. this comes as part of the annual wage negotiations. toyota managers say they'll meet the union requirements offering bonuses worth five months salary plus $3,000, the highest since the 2008 financial crisis and maintain regular wage hikes based on seniority and age. and hitachi and toshiba will also likely keep seniority based raises. some retailers will increase wages with the consumption but it is
Mar 20, 2013 5:00pm PDT
. they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed officials say the bank will continue to eject funds into the market giving these challenges. they are doing this by buying $85 billion worth of mortgage backed security and long term government bonds each month. they will maintain a near 0% interest rate policy. some federal reserve officials have expressed concern. that month of asset purchases could disrupt markets and bring about higher prices. in a news conference about the second day of the policy board meeting ben bernanke said those risks can be contained. >> the committee considered risks toinancial stability. it will lead some to take on exc
Search Results 0 to 6 of about 7 (some duplicates have been removed)